GalaxyEdge Acquisition Corporation (NYSE:GLED) Stock Short Interest Rises 793.5%

GalaxyEdge Acquisition Corporation (NYSE:GLED) saw a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 277 shares, an increase of 793.5% from the October 15th total of 31 shares. Based on an average daily volume of 14,233 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

GalaxyEdge Acquisition Price Performance

GLED stock traded down $0.02 during trading on Thursday, reaching $10.15. 60,135 shares of the company were exchanged, compared to its average volume of 97,941. The business’s 50-day moving average is $10.07. GalaxyEdge Acquisition has a twelve month low of $9.87 and a twelve month high of $10.27.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on GalaxyEdge Acquisition in a report on Tuesday, August 18th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.

About GalaxyEdge Acquisition

GalaxyEdge Acquisition Corp is a newly organized blank check company. The company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities.